Peapack-Gladstone Bank

What Peapack-Gladstone Bank does

Peapack-Gladstone Bank operates primarily as Peapack Private Bank & Trust, a New Jersey-chartered, FDIC-insured commercial bank founded in 1921 and headquartered in Bedminster, NJ, with a secondary Financial Center opened in April 2026 at 300 Park Avenue in midtown Manhattan. The company trades on NASDAQ under ticker PGC with a market capitalization of approximately $693 million as of April 2026 and reports approximately $444.61 million in annual revenue and $37.33 million in net income on a fiscal-year basis.

The bank runs a three-pillar business model anchored in private banking and wealth management for high-net-worth individuals ($13.1 billion in assets under advisement), commercial banking for middle-market and corporate clients (C&I lending, commercial real estate, treasury management, and the Peapack Capital equipment finance subsidiary targeting $2 billion in originations over 18 months), and retail consumer banking (checking, savings, mortgages, credit cards) across the New York tri-state area. Revenue is generated primarily through net interest income on the loan portfolio, recurring fee-based wealth management services, and transactional fee streams from treasury management, equipment finance originations, and mortgage banking. Distribution is relationship-led, with dedicated private bankers, commercial relationship managers, and an inside-sales treasury management team, supplemented by digital self-service channels (online banking, mobile banking, Treasury Connect, MyEscrow).

Technology is conventional community-bank infrastructure with no public APIs or developer platforms; the bank integrates with Elan Financial Services for credit card servicing and Timetrade for appointment scheduling. The technology leadership has publicly stated an intent to evolve from reactive AI copilots (Microsoft Copilot, ChatGPT, Google Gemini) toward autonomous AI 'digital employees' capable of executing end-to-end workflows, but no proprietary AI model or measurable AI-driven product has been disclosed. Capital structure activity in 2026 includes a $50 million preferred stock commitment from Strategic Value Bank Partners and a planned $100 million subordinated notes redemption, supporting the bank's stated growth initiatives in NYC and equipment finance.

Name

Peapack-Gladstone Bank

Legal name

Peapack Private Bank & Trust

Website

https://pgbank.com

Company type

Public

Founded year

1921

Operating status

Operating

Headcount range

251–500 employees

Short description

Peapack-Gladstone Bank (Peapack Private Bank & Trust) is a 1921-founded, NASDAQ-listed New Jersey commercial bank providing private banking, wealth management ($13.1B AUM), commercial lending, treasury management, and equipment finance (Peapack Capital) to high-net-worth individuals, middle-market businesses, and tri-state retail consumers.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

National Commercial Banks (6021), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industries

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Private banking services
• Wealth management
• Commercial lending
• Treasury management
• Equipment financing

Headquarters

HQ city

Bedminster

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Traditional banking revenue from interest earned on loans and securities minus interest paid on deposits. The company reported total revenue of $444.61 million with net income of $37.33 million.
2. Wealth Management: Fee-based wealth management services including investment management, family office services, trust, estate and tax services. Wealth management AUM stands at $13.1 billion.
3. Equipment Finance and Leasing: Peapack Capital subsidiary provides equipment financing and leasing services, targeting $2 billion in originations over the next 18 months.
4. Commercial Lending: Commercial and industrial lending, commercial real estate loans, and small business lending generating interest income.
5. Treasury Management Fees: Fees from treasury management services including ACH originations, wire services, collection solutions, and fraud protection for commercial clients.
6. Mortgage Banking: Mortgage solutions and home equity lines of credit for personal banking customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Peapack-Gladstone Bank, operating as Peapack Private Bank & Trust, is a New Jersey-based community bank that provides private banking, commercial banking, and wealth management services. Its offering spans deposit products (checking, savings, CDs, IRAs, money market), lending (commercial and industrial, commercial real estate, equipment finance, small business, mortgages, home equity), treasury management (collection, payment, fraud protection, MyEscrow, Treasury Connect), credit cards, investment banking, brokerage, and wealth services (investment management, financial planning, family office, trust/estate/tax).

Product overview

Peapack Private Bank & Trust operates as a comprehensive financial services organization offering a unified platform combining private banking, commercial banking, and wealth management. The core product portfolio includes checking/saving solutions, credit cards, digital banking (Bill Pay, Online Banking, Mobile Banking), investment banking, and treasury management services. Wealth management capabilities encompass Family Office Services, Financial Planning, Investment Management, and Trust/Estate/Tax Services. Commercial offerings feature Commercial and Industrial Lending, Commercial Real Estate financing, Equipment Financing through Peapack Capital subsidiary, Small Business Lending, and Professional Services. Treasury Management includes Collection Solutions, Fraud Protection, Liquidity Management, Payment Solutions, MyEscrow, and Treasury Connect. Personal lending covers Mortgage Solutions and Home Equity Lines of Credit. The bank recently expanded into New York City with a new Financial Center at 300 Park Avenue.

Differentiator

Problem solved

Functional benefit

Brands

• Peapack Capital: Equipment finance and leasing subsidiary of Peapack-Gladstone Financial Corporation
• Peapack Financial Services
• Peapack Private

Products and services

• Wealth Management
• Family Office Services
• Financial Planning
• Investment Management
• Trust, Estate and Tax Services
• Commercial and Industrial Lending
• Commercial Real Estate Lending
• Equipment Financing and Leasing
• Small Business Lending
• Mortgage Solutions
• Home Equity Line of Credit
• Checking and Savings Solutions
• Credit Cards
• Treasury Management
• Investment Banking
• Brokerage Services

Quantifiable outcome

• 86% year-over-year earnings increase in Q1 2026
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature5 records

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hanover Bancorp: Long Island-based community bank with commercial lending and retail banking in the New York metro market. Comparable regional orientation and scale.
• ConnectOne Bancorp: New Jersey-based commercial bank with similar size and private banking/commercial lending focus serving the NY/NJ metro area. Comparable in customer segment, product mix, and regional footprint.
• Valley National Bancorp: Larger New Jersey-headquartered commercial bank with private banking, commercial lending, and wealth management operations across the tri-state area. Closely comparable product set and customer base.
• Dime Community Bancshares: New York-based commercial bank serving businesses and consumers with commercial lending and deposit products in the metro NY market. Similar commercial banking model and geographic focus.
• Lakeland Financial Corporation: Indiana-headquartered commercial bank with similar relationship-based commercial banking model, treasury management, and wealth management services to middle-market clients.
• Customers Bancorp: Mid-Atlantic commercial bank with equipment leasing through Customers Bank Equipment Finance, directly comparable to Peapack Capital's equipment finance business.
• Trustco Bancorp: New York regional bank with commercial lending, mortgage, and retail banking operations. Similar regional Northeast focus and comparable scale.

Broad incumbents

• Brookline Bancorp: Northeast regional bank with commercial banking and wealth management across multiple states. Comparable diversified community banking model with broader geography than Peapack.
• BNY Mellon Wealth Management: Large global private bank and wealth manager that competes directly in the HNW segment Peapack targets. Overlapping product set including investment management, trust, and private banking.
• JPMorgan Private Bank: Global private bank serving HNW and ultra-HNW clients with investment management, lending, and wealth planning. Direct competitor for Peapack's HNW customer segment in NY/NJ.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/peapack-gladstone-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peapack-Gladstone Bank